the Somnia (SOMI) token has experienced significant volatility following its mainnet launch and initial exchange listings, resulting in a fluctuating, but generally multi-million dollar, market capitalization. As of recent updates (early October 2025), the market cap hovers in the range of $127 million to $157 million USD. This valuation places the token within the mid-cap range for newly launched blockchain infrastructure projects. This calculation is based on a circulating supply that has been noted to be approximately 160.2 million SOMI tokens out of a maximum supply of 1 billion.
The recent market performance has been characterized by sharp post-launch movements. Following its debut in September 2025, the token price surged dramatically, with its all-time high reportedly reaching up to $1.84 or more. This initial rally was a key factor in boosting its market capitalization to well over $200 million USD at its peak. However, this period of rapid appreciation was quickly followed by a correction, which is typical for new crypto launches, driven by factors like profit-taking and the unlocking of vested tokens for early investors.
This market volatility and the current market capitalization level are heavily influenced by the project's technical milestones and commercial traction. Somnia is a Layer 1 blockchain focused on high-performance metaverse and Web3 applications, boasting a purported capacity of over one million transactions per second. News of key partnerships, such as collaborations involving a decentralized identity service and a fan engagement platform for sports, have provided intermittent bullish catalysts, helping to maintain market interest and support the current valuation range.
The stability and growth of Somnia's market cap will be dependent on its success in attracting developers and users to its ecosystem. The circulating supply—around 16% of the total—is a crucial factor, as future vesting schedules for team and advisor tokens will introduce new supply and potential sell pressure. Therefore, the current $140 million range represents a critical period of price discovery, where the market is balancing the platform’s high-performance technology against the ongoing effects of tokenomics and broader crypto market sentiment.
